According to OnChainFX,
ether tokens rose nine percent to roughly $ 1,101 on Wednesday morning.
The top three cryptocurrencies continued following each other, with ethereum's
ether token rising to $ 781 and Ripple's XRP rising to $ 0.76.
Not exact matches
The price of
ether, the
token that powers the ethereum blockchain, reached a new all - time high today,
rising to what has become the latest in a string of record advancements.
Will the price of
ether tokens continue to
rise in February?
The
token, which was billed as a way for
rising internet celebrities on YouTube, Twitch and other video and live streaming platforms to get funded by their fans, had its initial coin offering in August, raising 119.5
ether, which is about $ 47,000 as of press time.
One crucial factor affecting
ether's price is the
rise of initial coin offerings (ICOs)- sales of blockchain - linked data that allow investors to exchange
ether for newly created digital
tokens.
After the new
rise of the price of
ether, the
token used on the Ethereum smart contracts platform, its market capitalisation surpassed Ripple and Litecoin combined.
While this has yet to be reflected in investments in startups building on the decentralized application platform, the enthusiasm is most visible in the
rising price of
ether, the
token used to power applications on the network.
Ethereum's
ether tokens are now reportedly valued at around $ 180, a 1,400 percent
rise compared to three months ago.
Today ERC - 20
tokens are valued over few billion USD and ENS domains contain locked
Ether that is
rising near to a billion USD.
Most investors back an ICO as they believe the
token will
rise in value and, at some point, they will be able to transfer it to Bitcoin,
Ether or perhaps into US dollars.
The price of
ether, the native
token on the ethereum platform,
rose modestly yesterday, climbing nearly 5 % after its developers executed a hard fork to restore funds from a defunct project once heralded as its greatest success story.